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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of intangible assets

There were no changes to the carrying amount of goodwill in the three months ended March 31, 2024. We recognized an aggregate $269.9 million impairment of goodwill and intangibles in 2022. Changes in the carrying amount of intangible assets were as follows (in thousands):

						March 31, 2024																December 31, 2023
										Accumulated																Accumulated
		Useful life				Gross amount				amortization				Impairment				Net amount				Gross amount				amortization				Impairment				Net amount
Goodwill			indefinite			$	651,244			$	—			$	(254,893	)		$	396,351			$	651,597			$	—			$	(254,893	)		$	396,704
Trademarks			indefinite				50,000				—				(15,000	)			35,000				50,000				—				(15,000	)			35,000
Customer relationships			4 years				84,065				(75,944	)			—				8,121				84,271				(75,387	)			—				8,884
Purchased technology			5-10 years				52,545				(45,720	)			—				6,825				52,707				(45,544	)			—				7,163
Development costs			3 years				9,486				(9,486	)			—				—				9,486				(9,486	)			—				—
Software			4-5 years				2,954				(2,470	)			—				484				2,968				(2,444	)			—				524
Total						$	850,294			$	(133,620	)		$	(269,893	)		$	446,781			$	851,029			$	(132,861	)		$	(269,893	)		$	448,275

Summary of estimated amortization expense

The following reflects amortization expense related to intangible assets included with depreciation and amortization (in millions):

		Three months ended March 31,
		2024				2023
Amortization Expense			0.8 million				0.0 million

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- References

No definition available.

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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